SHAH ALAM: The state assembly has approved a RM413mil loan to its investment arm Kumpulan Darul Ehsan Bhd (KDEB) to enable it to buy a 100% stake in developer Kumpulan Hartanah Selangor Bhd (KHSB).
Mentri Besar Tan Sri Khalid Ibrahim said the mortgage-free loan, with an interest of 4%, would have to be repaid to the state government within a year.
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